State Bank of India Current Affairs, GK & News

NITI Aayog submits names of PSU banks to be privatised

NITI Aayog has submitted names of Public Sector Undertaking (PSU) that will be privatised to Core Group of Secretaries on Disinvestment. Highlights All these PSBs will be privatised by Financial Year 2022. Privatisation is being done as part of government’s disinvestment process to raising funds. Background Centre’s aim of privatising two public sector banks and ..

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SBI revises FY22 GDP projection to 7.9%

Economic research department of State Bank of India has published “Ecowrap 2021” report and revised real GDP projection for Financial Year 2022 to 7.9 percent from 10.4 percent earlier. Report highlights disproportionately larger impact of second wave of Covid-19 pandemic on economy. Key Findings It says, GDP outlook will be impacted by trajectory of international ..

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Public Sector Banks announce new loans

Public sector banks (PSBs) have announced support measures and launch of new loan products to mitigate economic impact of Covid-19 pandemic. What are those announcements? PSBs would provide unsecured loans of up to 5 lakh rupees to individuals. Loan can be utilized to meet their and family members’ treatment cost. Indian Banks Association and State ..

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RBI imposes Rs 2 crore penalty on SBI

The Reserve Bank of India (RBI) has announced on March 16, 2021 that it has fined India’s largest lending bank “State Bank of India (SBI)” with Rs 2 crore after it failed to follow the regulations in payment of remuneration to its employees through the commissions. Highlights The Reserve Bank of India imposed the monetary ..

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Ashwani Bhatia appointed as the Managing Director of SBI

Ashwani Bhatia has been appointed as the managing director of State Bank of India by the Appointments Committee of the Cabinet, headed by Prime Minister of India. He will be appointed in the place of  P K Gupta. Key highlights Mr. Bhatia has been serving as the deputy MD and CEO of SBI Mutual Fund. ..

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